Global Organic Edible Oil Market 2017-2021
About Organic Edible Oil
Cooking oil includes edible oil that is produced using various raw materials, including oilseeds, plants, and fruits. The oil is produced by grinding, pressing, cleaning, bleaching, and refining. Organic products are produced using raw materials that are grown without the use of any artificial and synthetic ingredients, such as pesticides and fertilizers. Edible oils produced from organic materials are called organic edible oils.
Technavio’s analysts forecast the global organic edible oil market to grow at a CAGR of 11.17% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global organic edible oil market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Organic Edible Oil Market 2017-2021
Technavio recognizes the following companies as the key players in the global organic edible oil market: Adams Group, Cargill, Bunge, and The J.M. Smucker Company.
Other Prominent Vendors in the market are: EFKO Group, Mizkan America, NOW Foods, Spectrum, KORIN Agricultura Natural, Clearspring, Nutiva, Enzo Olive Oil, Catania Spagna, TIANA Fair Trade Organics, and Eden Foods.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is entry of new players in the market and new product launches. The increasing demand for organic edible oils and the numerous health benefits of organic oils are factors that are encouraging a large number of manufacturers to enter the market. Many established players in the edible oil market are introducing organic variants of traditional edible oils in the market.”
According to the report, one driver in the market is multiple product recalls of inorganic edible oils and oil-based products. In the past few years, there have been multiple cases of product recalls of inorganic edible oils and products made from various edible oils. In addition, there have been cases of misbranding and mislabeling. For instance, the price of virgin olive oil is higher compared with refined olive oil. Thus, virgin olive oil is sometimes adulterated with low-grade oils, such as refined olive oil or olive pomace oil, to reduce its price.
Further, the report states that one challenge in the market is fluctuating prices of raw materials. Edible oils are derived from natural sources. The manufacturing cost of edible oils depends on the availability of raw materials, type, and method used to produce the oil. Organic oils are produced using only organic raw materials that are grown in a certain manner. However, the unstable production pattern of different oilseeds directly affects the prices of raw materials and production of oil. For instance, in the past one year, the price of canola has been fluctuating. This is affecting the prices of all variants (organic and inorganic) of canola oil.
Adams Group, Cargill, Bunge, The J.M. Smucker Company, EFKO Group, Mizkan America, NOW Foods, Spectrum, KORIN Agricultura Natural, Clearspring, Nutiva, Enzo Olive Oil, Catania Spagna, TIANA Fair Trade Organics, and Eden Foods.